NewsWare‘s Trade Talk

NewsWare's Trade Talk: Wednesday, October 23

S&P Futures are displaying weakness this morning as Treasury yields nudge higher. Shares of BSX, LRN TXN & PKG are higher after earnings releases. SBUX pre-announced Q4 eps and announced that they are suspending guidance. E.coli outbreak at McDonalds sending shares lower, said to be liked to onions. There is a Bank of Canada meeting today, expectations are for a 50-basis point rate cut. Fed Governor Bowman scheduled to speak before the market opens today. In Europe, markets are lower, due to underwhelming earnings data. Oil prices are falling this morning down more than 1.5% with stockpiles data in focus.

NewsWare's Trade Talk: Tuesday, October 22

S&P Futures are displaying weakness this morning with the markets focused on earnings, bond yields and commentary from Fed officials. Shares of DGX, DHR, GM, KMB MMM and RTX delivered eps beats this morning. JCP Investment Management has built a 2% stake in Cheesecake Factory. Fed Speakers are indicating a gradual pace of rate cuts and indicated that a pause could occur. In Europe, markets are lower, yet the recent earnings announcements were mostly positive. Oil prices are higher by approximately 1% this morning.

NewsWare's Trade Talk: Monday, October 21

S&P Futures are moving lower this morning as the market prepares for a host of earnings announcements this week. China's PBOC lowered two of its short-term lending rates this morning. Shares of Boeing are higher this morning as a deal to end the months-long strike is said to have been reached. Merger talks between Humana and Cigna are said to have restarted. Starboard appears to have taken a stake in KVUE. Tuesday morning earnings announcements are schedule for GE, GM, MMM, MCO, LMT, RTX, TXN, & VZ. In Europe, markets are lower with banks and insurance stocks moving lower. Oil prices are higher by more the +1.50% this morning.

NewsWare's Trade Talk: Friday, October 18

S&P Futures are showing gains this morning due to economic and earnings news. China economic numbers came in better than expected & the PBOC indicates more stimulus to come. last night NFLX released a positive earnings report. Shares of SLB & PG are fractionally higher after releasing earnings this morning. CVS replaced its CEO and slashed its quarterly guidance. Nike credit rating was downgraded last night, and revenue is expected to contract next year. In Europe, markets are mostly higher with autos and luxury stocks showing gains. Oil prices have given up early morning gains and is now lower.

NewsWare's Trade Talk: Thursday, October 17

S&P Futures are indicating a strong start to this morning's trading session. The positive earnings report for TSM is creating bullish sentiment for the sector. Shares of Expedia are trading higher as UBER is said to be considering a takeover. After the bell today, NFLX is scheduled to report earnings. China's economic briefing did little to boost sentiment on its troubled real estate sector. The ECB rate decision is this morning, expectations are for a 25 basis point cut. In Europe, markets are higher with autos banks and luxury stocks showing gains. Oil prices are flat to higher.

NewsWare's Trade Talk: Wednesday, October 16

S&P Futures are slightly higher this morning with earnings announcements in focus. UAL, JBHT are moving higher after their releases. Semiconductor stocks are mostly higher this morning. AMSL shares are falling after technical glitch release earnings earlier than expected. After the bell today watch for earnings from AA, CSX, DFS, EFX, LVS & STLD. The ECB rate decision is scheduled for tomorrow. China is scheduled to hold another economic briefing tomorrow on its property market. In Europe, markets are mixed to lower with weakness in luxury and tech stocks. Oil prices are continuing to move lower this morning.

NewsWare's Trade Talk: Tuesday, October 15

S&P Futures are positive this morning as earning reports start to hit the tape. BAC, JNJ & PNC are moving higher after their releases. Israel indicates that they will likely stick to military targets in their expected retaliatory strike on Iran. Boeing reaches a line of credit worth 10B with a group of banks. Google and Kairos Power working on a nuclear power project to supply its data centers with clean energy. In Europe, markets are mixed to lower with this week's ECB announcement in focus. Oil prices are displaying significant weakness this morning as oil prices fall more than -4% in the pre-market on news reports that Israel will not target Iran energy facilities.

NewsWare's Trade Talk: Monday, October 14

S&P Futures are positive this morning ahead of a relatively quite day in the markets today. Bond Markets are closed as today is a federal holiday. China's finance minister highlighted the countries stimulus plans without giving specific numbers, addition meetings scheduled for later this month. U.S. to send missile defense system to Israel ahead of the expected Israeli strike on Iran. Shares of Caterpillar are falling after a major broker downgraded the stock. BA is also weak as striking workers continue to hold out. No earnings announcements today due to the holiday. Buffet takes position in Sirius XM. In Europe, markets are mixed to lower with Middle East tensions, this week's ECB announcement in focus. Oil prices are displaying significant weakness this morning as oil prices fall more than -2% in the pre market.

NewsWare's Trade Talk: Friday, October 11

S&P Futures are flat to lower ahead of this morning's PPI print. Markets are also waiting on an announcement out of China that is expected to focus on stimulating domestic consumption. BK, BLK FAST, JPM & WFC all reported earnings beats this morning. Shares of TSLA are down more than 5% after last night's robo taxi event. In Europe, markets are mixed to higher with Middle East tensions, next week's ECB announcement and tomorrow China announcement in focus. Oil prices are weakening this morning of more than -0.50% in the pre-market.

NewsWare's Trade Talk: Thursday, October 10

S&P Futures are flat to lower and as expected are staying in a tight trading range this morning. Two key economic reports are due out before the bell (CPI & Jobless Claims) either report could create volatility for the markets this morning. DAL & DPZ are moving lower after announcing earnings this morning. COST released Sept sales data which showed an increase of 6.7%. Two big events today, AMD's Advancing AI conference and TSLA RoboTaxi announcement. Toronto-Dominion Bank is expecting to pay about 3B to settle money laundering issues. In Europe, markets are mixed to lower with Middle East tensions and next week's ECB announcement in focus. Oil prices are showing gains of more than 1% in the pre-market.